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William Hill poaches chief financial officer from DS Smith

Last updated: 08:45 17 Feb 2020 GMT, First published: 07:57 17 Feb 2020 GMT

William Hill poaches CFO from DS Smith

William Hill PLC (LON:WMH) has appointed Adrian Marsh as its chief financial officer to replace Ruth Prior, who announced her departure from the sports betting and gaming group last month.

READ: William Hill teams up with CBS to insert betting info into sports content

Marsh spent seven years in the CFO role at DS Smith plc (LON:SMDS) and is also a non-executive director and chair of the audit committee at FTSE 250-listed energy services firm John Wood Group PLC (LON:WG).

He previously held executive roles at Tesco PLC (LON:TSCO), AstraZeneca PLC (LON:AZN) and glass manufacturer Pilkington.

DS Smith said Marsh will work with the board to ensure an “orderly transition” as it searches for a replacement.

Analysts at Peel Hunt said Marsh was a "pivotal part" in growing the packaging firm, which was promoted to the FTSE 100 in 2017.

The news did not come as a "complete surprise" as there had been media speculation over a potential entry of David Mellors, former chief financial officer at manufacturer at Cobham PLC (LON:COB).

"We do not expect the announcement to represent a change in strategy and we retain our positive stance on the stock," analysts commented.

Shares in DS Smith dipped 2% to 360p while William Hill's stock remained flat at 181.4p on Monday morning.

--Adds analyst's comment, shares--

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